finance in Portugal: Seeking Advice
I’ve been accepted into Nova SBE for my master’s degree and have a few questions. I would greatly appreciate any insights!
1) What’s the job market like in Portugal, and what salary can I expect after graduation? Also, what does the typical salary progression look like?
2) As a Malaysian student who doesn’t speak Portuguese yet but is eager to learn, will the language barrier impact my job prospects?
3) How feasible is it to transition from working in Portugal to other markets like London, France, Germany, or Switzerland after completing my studies or gaining a few years of experience?
4) Any additional tips or insights would be greatly appreciated! Thank you!
One response
Congratulations on getting into Nova SBE for your master’s! Here are some insights that might help you with your questions:
Hiring and Salary Ranges: The job market in Portugal, particularly in finance, has been growing but can still be competitive. Entry-level positions like analyst roles in finance generally offer salaries in the range of €25,000 to €35,000 per year. With progression, you can expect to see salaries rise to €40,000 to €60,000 or higher within a few years, especially if you move into managerial roles or specialize in high-demand areas. Networking and internships during your studies can significantly enhance your employability.
Language Barrier: While many companies, especially in larger cities like Lisbon, operate in English, knowledge of Portuguese can be a significant advantage, particularly for roles in local firms or those involving client interaction. Many employers appreciate the effort to learn the language, so starting language courses early can be beneficial. It won’t completely eliminate opportunities, but it may limit them somewhat initially.
Pivoting to Other Markets: Graduating from Nova SBE can give you a strong foundation and a good reputation, which can help you transition to other markets in Europe. Employers often value international experience and degrees from respected institutions. Networking can also play a crucial role; building connections through internships or alumni can facilitate your move to places like London, France, Germany, or Switzerland. Keep in mind that proficiency in the local language can improve your chances in those markets as well.
Additional Insights:
Best of luck with your master’s program and future career in finance!